If you had to submit an amended tax return this year, you may be wondering how come you haven’t received your tax refund yet. Due to IRS staffing shortages and an influx of amended returns, the IRS ...
Every year I must amend several clients’ returns that were previously filed for various reasons. This year as the Oct. 16 extension deadline for individual tax filing approaches, I am faced with a new ...
When should you amend your tax return and when is it required that you do so? You need to file one with the IRS each year if your income is over the requisite level, which depends on your age and ...
Make a mistake on your tax return? That's OK -- file an amended return. What is an amended tax return? It's your do-over, your mulligan, your second chance. The IRS recognizes that we sometimes make ...
Taxpayers typically amend their returns to correct mistakes, claim missed deductions or report additional income. While the IRS does allow amendments, many worry that filing a Form 1040-X could ...
Tax Day was just over a month ago which, of course, means that my inbox is now filled with the inevitable panicked emails from taxpayers worried about mistakes. Missed forms 1099. Overlooked ...
If you’ve found errors on the tax returns you just filed earlier this year, or in previous years, you likely are joining a very large club. Each year, millions of people file an amended return to ...
What happens if you make a mistake on your taxes? Fortunately, the Internal Revenue Service offers plenty of time to file an amended return, known as 1040-X. If you realize you didn’t claim the ...
It’s not uncommon to make a mistake on your federal tax return or leave out important information such as a tax deduction or credit that you’re entitled to—but the IRS has a process that gives you a ...
What is an amended tax return? It's your do-over, your mulligan, your second chance. The IRS recognizes that we sometimes make mistakes on our tax returns, or that our circumstances can change, so ...
It’s not too late to get back an extra refund from your income taxes for 2017, 2018 or 2019. You generally have up to three years after the tax-filing deadline to file an amended return and take ...